Liquidity Decline
Gold prices fell below the key level of $5,000 per ounce during weak Asian trading, as the Lunar New Year holiday led to a decline in trader participation and decreased liquidity, according to the Bangkok Post.
• Spot gold dropped below the psychological barrier of $5,000 during low-volume trading
• Profit-taking occurred after recently recording new highs above $5,500 per ounce
• The strength of the US dollar and rising Treasury yields increased downward pressure
💡 Expert Opinion:
This appears to be a short-term pullback resulting from weak liquidity, rather than a structural reversal in the trend. With continued demand from central banks and geopolitical uncertainty, the medium-term upward momentum remains intact.
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Gold prices fell below the key level of $5,000 per ounce during weak Asian trading, as the Lunar New Year holiday led to a decline in trader participation and decreased liquidity, according to the Bangkok Post.
• Spot gold dropped below the psychological barrier of $5,000 during low-volume trading
• Profit-taking occurred after recently recording new highs above $5,500 per ounce
• The strength of the US dollar and rising Treasury yields increased downward pressure
💡 Expert Opinion:
This appears to be a short-term pullback resulting from weak liquidity, rather than a structural reversal in the trend. With continued demand from central banks and geopolitical uncertainty, the medium-term upward momentum remains intact.
Note: Please support my posts $$